Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $57.00
Las Vegas Sands (NYSE:LVS - Get Rating) had its target price upped by research analysts at Barclays from $43.00 to $57.00 in a report issued on Thursday, The Fly reports. The firm presently has an "overweight" rating on the casino operator's stock. Barclays's target price indicates a potential upside of 16.92% from the company's current price.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $44.00 to $51.00 and gave the company an "overweight" rating in a research report on Monday, November 28th. Bank of America raised shares of Las Vegas Sands from an "underperform" rating to a "neutral" rating and set a $37.00 price target on the stock in a research note on Thursday, October 13th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Monday, September 26th. Stifel Nicolaus upped their price target on Las Vegas Sands from $50.00 to $55.00 in a research report on Wednesday, December 7th. Finally, StockNews.com initiated coverage on shares of Las Vegas Sands in a report on Wednesday, October 12th. They issued a "sell" rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.
Las Vegas Sands Price Performance
NYSE LVS opened at $48.75 on Thursday. Las Vegas Sands has a twelve month low of $28.88 and a twelve month high of $49.73. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.82 and a current ratio of 1.83. The stock has a market capitalization of $37.25 billion, a PE ratio of 19.90 and a beta of 1.17. The stock has a 50-day simple moving average of $41.49 and a 200 day simple moving average of $38.18.
Las Vegas Sands (NYSE:LVS - Get Rating) last posted its earnings results on Wednesday, October 19th. The casino operator reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). Las Vegas Sands had a net margin of 46.94% and a negative return on equity of 25.33%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned ($0.45) EPS. The business's revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Las Vegas Sands will post -1.19 EPS for the current year.
Institutional Investors Weigh In On Las Vegas Sands
A number of large investors have recently added to or reduced their stakes in LVS. Bank of New York Mellon Corp boosted its position in Las Vegas Sands by 36.0% during the third quarter. Bank of New York Mellon Corp now owns 7,428,878 shares of the casino operator's stock worth $278,734,000 after purchasing an additional 1,966,755 shares during the period. Toroso Investments LLC lifted its stake in shares of Las Vegas Sands by 6.1% during the 3rd quarter. Toroso Investments LLC now owns 14,634 shares of the casino operator's stock worth $549,000 after buying an additional 842 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $269,000. Teachers Retirement System of The State of Kentucky acquired a new position in Las Vegas Sands in the 3rd quarter valued at about $15,438,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in Las Vegas Sands in the 3rd quarter valued at about $50,000. Institutional investors own 39.84% of the company's stock.
Las Vegas Sands Company Profile(Get Rating)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
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